Job Description
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com
Job Title: Model Quantitative Specialist Auditor
Corporate Title: Vice President
Division: Internal Audit
Location: Singapore
Licensed Role: No
Job Overview
The Vice President, Model Risk Quantitative Specialist Audit position is a specialist Model risk audit role within Nomura Internal Audit. It is a global role and reports primarily to the Global Head of Model Risk Audit. This is a key role in assessing the firm's model risks and the individual will lead or participate in Model Risk Management and other Business line audits, as well as supporting other Internal Audit activities including risk assessment, issue remediation validation and continuous monitoring and auditing. The Model Risk Management audits are global and regional covering pricing models, risk management models and capital models and also involve assessing compliance with local and global regulatory requirements.
The role involves ongoing coordination with members of other regional and cross functional Internal Audit teams covering Technology, Operations, Global Markets and Investment Banking, Legal and Compliance, and Finance across New York, London, Singapore, Mumbai, and Tokyo.
Responsibilities
- Assessing the firm's model risk management practices against regulatory standards such as SR 26-2, JFSA, UKPRA, BAFIN and ECB requirements
- Assist in annual risk assessments of Model risk related auditable entities
- Performing assessments of the effectiveness of the firm's model risk management controls across models lifecycle including but not limited to development and independent validation processes, against industry and regulatory standards
- Perform continuous monitoring of the firm's Model risk
- Effectively collaborate with other Global and Regional audit teams and deliver assistance where needed either in audits or other advisory matters
- Contribute specialist coverage of counterparty credit risk (CCR) models, including CVA/PFE/IMM-related model risk considerations, as part of the team's regional coverage plan
- Identifying and formulating solutions to issues around Model Risk management
- Tracking implementation of recommended processes and procedures designed to strengthen internal controls
- Support the development and implementation of data analytics, automated testing, and AI/Agentic AI applications for model risk and audit-related processes (e.g., automated testing, documentation review, anomaly detection)
Requirements
- Minimum Master's in quantitative sciences, supported by work experience as model developer or model validator at a major Financial Institution, Consulting firm, or Big 4 firm
- 5+ years’ experience in pricing or risk model design, development, calibration, stress testing and validation; Counterparty Credit Risk (CCR) modelling
- Proven experience in quantitative finance and model development
- Financial mathematics skills and fluency in stochastic calculus, statistics, and numerical methods
- Subject matter expertise to support the global model risk audit manager in establishing and executing an effective audit approach around valuation and pricing models
- Ability to code, preferably Python; familiarity with data analytics tooling; and practical interest in or exposure to AI/Agentic AI applications for model risk or audit processes (e.g., automated testing, documentation review, anomaly detection)
- Relevant market knowledge across asset classes and experience in risk managing derivative products (IR, FX, Credit, Equity, Inflation, etc.)
- Ability to challenge and be challenged while maintaining the highest level of professionalism and ethics
- Independent, reliable, and self-motivated
- Strong project management skills and ability to build effective working relationships
- Excellent oral and written communication skills, including the ability to convey complex concepts and opinions clearly to senior management and to engage effectively with internal stakeholders across all levels of seniority
- Experience with credit scoring / PD model development or validation a plus
- Audit experience a plus
Nomura Leadership Behaviours
- Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
- Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
- Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
- Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
- Inclusion: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
Diversity Statement
Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.
DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.
Nomura is an Equal Opportunity Employer
